Slope of Hope Blog Posts
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Preface from Tim: Below is an item contributed from Avi, which obviously is in sharp contrast to my own point-of-view. I’m glad he wrote this, though, because it saved me some time in doing a post I was going to construct called “Elliott Wave’s Last Chance”. I will summarize what the post was supposed to be about………
Our friends in Gainesville were hyper-bearish from 2009 until sometime last year. Back in 2009, they stated that the S&P might claw its way back to 1000 or so, but then it was going to be plunging back beneath the 666 low. As most of you realize, this never happened. Year after year, though, the crash was always around the corner.
At some point – – I’m not sure when, but I think within the past year or so – – they massively changed their tune (and their wave count). Their current position is that LIFETIME highs are still forthcoming, pushing even past what we saw earlier this year. Avi seems to agree.